IZEA reports record Q3 revenue of $10.8M, up 40% YoY; net loss narrows to $0.9M

IZEA Worldwide, Inc.

Total revenue $10.8M vs $7.7M YoY; Managed Services revenue $10.5M (+44% YoY).
Net loss $0.9M improved from $1.4M loss; adjusted EBITDA loss $0.6M vs $0.9M loss.
Managed Services bookings $8.2M in Q3 vs $11.3M in prior-year quarter.
Terminated ATM equity offering program; launched next-gen IZEAx Discovery and previewed IZEA Flex.
Added Vampped to Talent Partner Program; partnered with Vennly for sponsored audio.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IZEA Worldwide, Inc. reported third quarter ended September 30, 2022 results: revenue $10.8 million, net income $0.9 million.

Period: third quarter ended September 30, 2022
Revenue: $10.8 million
Net income: $0.9 million
Result: reported results

Exact text from the filing

IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, reported its financial and operational results for the third quarter ended September 30, 2022. Q3 2022 Financial Summary Compared to Q3 2021 • Total revenue increased 40% to $10.8 million compared to $7.7 million • Managed Services revenue increased 44% to $10.5 million, compared to $7.3 million • SaaS Services and other revenue decreased 22.6% to $0.4 million, compared to $0.5 million • Total costs and expenses increased 33% to $12.2 million, compared to $9.2 million • Net loss was $0.9 million compared to a net loss of $1.4 million

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IZEA Worldwide, Inc. filing history →

Source: SEC EDGAR

accession 0001495231-22-000184

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